Host Hotels and Resorts (NYSE:HST) Rating Lowered to Equal Weight at Capital One Financial

Host Hotels and Resorts (NYSE:HST) was downgraded by research analysts at Capital One Financial from an “overweight” rating to an “equal weight” rating in a research note issued on Monday, MarketBeat reports. They currently have a $12.00 target price on the real estate investment trust’s stock. Capital One Financial‘s price target suggests a potential upside of 9.49% from the company’s current price. Capital One Financial also issued estimates for Host Hotels and Resorts’ Q1 2022 earnings at $0.25 EPS and FY2022 earnings at $1.20 EPS.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley reduced their target price on shares of Host Hotels and Resorts from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, May 15th. Raymond James boosted their target price on shares of Host Hotels and Resorts from $13.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Deutsche Bank cut their price objective on shares of Host Hotels and Resorts from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Zacks Investment Research cut shares of Host Hotels and Resorts from a “hold” rating to a “strong sell” rating and set a $13.00 price objective for the company. in a research report on Monday, May 4th. Finally, ValuEngine raised shares of Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.22.

Shares of Host Hotels and Resorts stock opened at $10.96 on Monday. The firm has a 50-day moving average of $11.81 and a 200-day moving average of $13.93. The stock has a market cap of $7.57 billion, a PE ratio of 10.85 and a beta of 1.27. Host Hotels and Resorts has a 52-week low of $7.86 and a 52-week high of $18.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 12.76 and a current ratio of 12.76.

Host Hotels and Resorts (NYSE:HST) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.04). The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Host Hotels and Resorts had a net margin of 14.25% and a return on equity of 9.95%. The company’s revenue was down 24.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. Equities research analysts predict that Host Hotels and Resorts will post 0.07 earnings per share for the current fiscal year.

In other news, Director Walter C. Rakowich sold 5,566 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $10.63, for a total value of $59,166.58. Following the completion of the transaction, the director now owns 48,764 shares of the company’s stock, valued at $518,361.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Host Hotels and Resorts by 2.4% in the first quarter. State Street Corp now owns 49,417,537 shares of the real estate investment trust’s stock valued at $555,115,000 after buying an additional 1,159,035 shares during the period. Cohen & Steers Inc. increased its stake in shares of Host Hotels and Resorts by 43.3% in the first quarter. Cohen & Steers Inc. now owns 35,116,066 shares of the real estate investment trust’s stock valued at $387,681,000 after buying an additional 10,614,347 shares during the period. Blackstone Group Inc acquired a new position in shares of Host Hotels and Resorts in the first quarter valued at approximately $380,992,000. Franklin Resources Inc. increased its stake in shares of Host Hotels and Resorts by 2.5% in the first quarter. Franklin Resources Inc. now owns 27,806,761 shares of the real estate investment trust’s stock valued at $306,986,000 after buying an additional 686,379 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Host Hotels and Resorts by 29.0% in the first quarter. Wellington Management Group LLP now owns 20,648,319 shares of the real estate investment trust’s stock valued at $227,958,000 after buying an additional 4,641,012 shares during the period. 98.00% of the stock is owned by institutional investors.

About Host Hotels and Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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Analyst Recommendations for Host Hotels and Resorts (NYSE:HST)

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